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Greece May Be Cut by S&P

Bahrain Mega Industrial City to Cost $15.9 Billion, Alayam Says

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July 11 (Bloomberg) -- Construction and development costs of Bahrain’s planned mega industrial city are estimated at 6 billion dinars ($16 billion), Alayam reported, citing Hassan Fakhru, the kingdom’s industry and commerce minister.

The government has finished a feasibility study of the planned city, which will be constructed on 93 square kilometers of land, Fakhru told the newspaper. The city is expected to generate 5 billion dinars a year by 2040 and provide 240,000 jobs, Alayam cited Fakhru as saying.

To contact the reporter on this story: Wael Mahdi in Manama at wmahdi@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net